Walmart CEO warns food prices causing pain

Walmart CEO Doug McMillon warns that U.S. consumers are struggling as high food prices persist, with many running out of money before month’s end and opting for smaller pack sizes.

While non-food prices have dropped, food costs remain elevated due to wages and input costs.

Inflation, particularly rising egg prices, is adding pressure.

Walmart, facing economic and geopolitical uncertainties, recently projected lower-than-expected profits.

Safety and financial concerns also led the company to close half its Chicago stores, ArcaMax has reported.

Meanwhile, Walmart is expanding e-commerce, modernizing stores, and exploring new revenue streams.

read more: https://www.arcamax.com/business/businessnews/s-3616917

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